News


RS Fiber projected to have financial shortfall

8/16/2018

By Kurt Menk
Editor

The RS Fiber Cooperative is facing a projected financial shortfall. Based on information recently provided by the RS Fiber Cooperative, a shortfall is projected within the next two years which will impact loan payments for the 2015 A General Obligation Tax Abatement Bonds issued to fund an economic development loan to the RS Fiber Cooperative.


According to the letter, the RS Fiber Cooperative has been in on-going discussions with its operator, Hiawatha Broadband Communications, to discuss modifications to their agreement to provide additional financial support. The RS Fiber Cooperative has concluded that suspension of loan payments is certain to occur.


The projected shortfall will be $298,964.25 on Feb. 1, 2019; $156,066.25 on Aug. 1, 2019; $446,066.25 on Feb. 1, 2020; and $152,542.75 on Aug. 1, 2020. Overall, the projected two-year shortfall will total $1,073,639.50.

Find the complete story in the August 16, 2018 edition of the Arlington Enterprise.

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Incumbents, a few challengers sign up as filing period closes

8/16/2018

By Kurt Menk
Editor

A number of incumbents and a few challengers filed as candidates for the open seats on the Arlington City Council, Green Isle City Council, New Auburn City Council and Sibley East School Board as the filing period closed at 5 p.m. Tuesday, Aug. 14.

Arlington
In the City of Arlington, Mayor Rich Nagel and City Council members Michelle Battcher and Jim Heiland all filed for re-election. Former City Council member Jennifer Nuesse also filed as a candidate.


The terms of Nagel, Battcher and Heiland will all expire at the end of this year.


The terms for these three open positions are for four years each.

Find the complete story in the August 16, 2018 edition of the Arlington Enterprise.

 

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Gaylord will be hit the hardest by projected RS Fiber shortfall

8/16/2018

By Kurt Menk
Editor

The City of Gaylord will be hit the hardest by the projected two-year RS Fiber Cooperative shortfall.


Gaylord will be asked to replenish $76,205.99 on Feb. 1, 2019; $39,781.29 on Aug. 1, 2019; $113,702.29 on Feb. 1, 2020; and $38,883.15 on Aug. 1, 2020. The total will be $268,572.72.


New Auburn will be asked to replenish $15,785.31 on Feb. 1, 2019; $8,240.30 on Aug. 1, 2019; $23,552.30 on Feb. 2020; and $8,054.26 on Aug. 1, 2020. The total will be $55,632.17.

Find the complete story in the August 16, 2018 edition of the Arlington Enterprise.

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County Board tables Fair Board budget request

8/16/2018

By Amy Newsom
Correspondent
    
Sibley County Fair Board member Keith Herd was present at the Sibley County Board meeting in Gaylord on Tuesday morning, Aug. 14.


Herd thanked Sibley County Commissioners for their annual contribution of $23,040 to the Fair Board. He stated that funds had been used for the blacktop outside of the Heritage Building and ramps for handicapped accessibility to the buildings.  


Herd said that this year the Fair Board is requesting $25,000 for repairs to the grandstand, to address the drainage issue, to replace the roof on the horse arena, to clad the horse barn,  for training for the Fair Board, and for educational projects.

Find the complete story in the August 16, 2018 edition of the Arlington Enterprise.

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